2. Suppose that New Zombie has adopted the framework used by the US Bureau of Labor Statistics to calculate its labor force statistics. Following information is extracted from a database maintained by the country's ministry of labor: Total population 24,512,311 Military personnel 98,539 People below 16 years of age 4,240,102 People in elderly care centers 1,232,130 People who didn't look for job in last 4 weeks 831,304 House wives whose sole activity is home-making 3,424,204 Volunteers 313,200 Self-employed people 3,423,042 People who are jobless, actively looking for a job, 2,234,100 and available for work Calculate the unemployment rate and the labor force of New Zombie. Show your calculation. (See next page for the formula and directions for this problem). 2,234,100 / 5657142 * 100 - 39.49% To calculate the unemployment rate you have to use the formula: Unemployment rate = # of unemployed : labor force x 100%